Commercial real estate lender Ladder Capital's Q3 pretax profit surges q-o-q

Ladder Capital

16/10/2026 13:42

Overview
US commercial real estate lender's Q3 pretax profit reached $67.3 mln vs $16.3 mln in Q2; Q3 EPS was $0.53
Distributable EPS for Q3 was $0.35
Company made over $700 mln in new loan and securities investments, realized gain on asset sale

Outlook
Company did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
NEW INVESTMENTS - Co said it made over $700 mln in new loan and securities investments during the qtr
ASSET SALE - Co realized a gain on sale of a net lease office asset in Jacksonville, FL

Company press release: ID:nBw73XsHta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Distributable EPS
 
$0.35
 
Q3 EPS
 
$0.53
 
Q3 Pretax Profit
 
$67.3 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Ladder Capital Corp is $11.50, about 30.4% above its October 15 closing price of $8.82
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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Oct 15 - US regional lender First Horizon to offload $4.5 billion of consumer mortgages
Oct 15 - Private credit faces deployment squeeze as fundraising hits record

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)